American General to Purchase
Two Hotels for $32.9 Million

By

Jeff D. Opdyke Staff Reporter of The Wall Street Journal

Updated March 26, 1997 12:01 a.m. ET

American General Hospitality Corp. is checking in to another batch of hotels.

The fast growing Dallas-based hotel real-estate investment trust says it has agreed to acquire, for a combined $32.9 million, two more hotel properties -- a Hilton Hotel in Grand Rapids, Mich., and a Holiday Inn in Phoenix.